Market Conditions Report

Market Conditions Report: For the Week of March 4, 2018

With the current weather pattern at this time you can expect to see quick occurring market conditions on all products. There are mandatory evacuations on both coasts in some areas.

Projected days of production will be interrupted causing supply projections to drop. Roads and highways are tough to travel if not impossible to travel and there will be trucking and delivery issues in all areas of the entire supply chain. This will affect foodservice / all retail operations / and every business affected by the weather. We are on the downside of winter and the old saying goes “If March comes in like a lion it goes out like a lamb”. If that is the case better Spring days are ahead that we can look forward to.

Most important is costs of items manufactured in China will rise and it is in customers best interest to buy now before increases are imposed, as after these increases in April as well as May that will be the new normal for those items for the foreseeable future.

Beef

Beef production was 572,000 head down 4 % from previous week and flat with previous year. All items are trending up as seasonally expected.

Ribeye – Up 4.1 % over last week and up 21.5 % over last year

Tenders – Up 2.9 % over last week and up 1.6 % over last year

Strips – Up 8.2 % over last week and up 6.9 % over last year

Rounds – Up 3.6 % over last week and up 1.1 % over last year

Grinds – Up 2.5 % over last week and up 8.6 % over last year

Pork

Pork production was 2.4 Million down 0.4 % from last week and up 4.7 % over last year. Pork still remains a great value in protein.

Bacon – Up 4.9 % over last week and down 23.7 % from last year

Sausage – Down 4.4 % from last week and down 2.7 % from last year

Loins – Up 1.4 % over last week and down 2.4 % from last year

Butts – Up 0.9 % from last week and up 3.5 % over last year

Ribs – Up 0.8 % over last week and up 5.2 % over last year

Poultry

Poultry production was 164 million up 0.4 % over last week and up 2.3 % over last year

Breast – Market flat with last week and up 2.2 % over last year

Wings – Down 1.7 % from last week and down 19.8 % from last year

Tender – Great value down 1.8 % from last week and down 5.1 % from last year

Dark Meat – Market flat with last week and up 4.0 % over last year

Whole Chicken – Market flat with last week and previous year

Fish

Swordfish – Market up landings are low

Tuna – Steady for now low landings expect upward trend by mid- week

Halibut – Market down plentiful supply

Haddock / Cod – Cod market steady, Haddock market up slightly

Salmon – Markets up limited production from Chile

Cobia/Barramundi/Bronzino – All markets steady good supply good value

Seafood

Lobster – All markets are trending up and large sizes are very tight as well as most sought after 8 ounce. Market will remain high until new season opens

Shrimp – Market remains steady and a great value item to feature

Scallops – Holding steady at current level new quota increase will be announced soon

Pasteurized crab – No change tight supply market remains at high point

Mussel/ Oysters – Supply normal market steady

Clams – Back to normal harvesting levels market steady

Dairy

Milk/Cream – Production is stable and balanced and plentiful supply for production demand at this time

Cheese – Market is trending up slightly heavier than expected demand

Butter – Market steady strong retail demand at this time

Eggs – Market up on all sizes and expect trend to continue through Easter Holiday. There is also very high retail demand as a lost leader item to draw traffic

Wheat

The market is in a reactionary mode at this time due to current weather situation nationwide as well as globally. The USDA will update crop estimates this week. With this years reduced acres planted we are still on pace to harvest the second largest amount on record just below 2017 levels we enjoyed last year.

Non-Foods

Market remains unsteady. All manufacturing in China due to air quality standard improvement will cause severe market interruptions in supply for the long term. It is in customers beat interest to buy ahead on items such as Can liners / Gloves / Guest checks / Napkins / Styrofoam / Plastic, as price increases for April and May are being announced.

Latest Produce Quality Updates

Weekly Market Report

3/4/18: With the current weather pattern at this time you can expect to see quick occurring market conditions on all products. Projected days of production will be interrupted causing supply projections to drop. Most important is costs of items manufactured in China will rise and it is in customers best interest to buy now before increases.
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